Global Sodium Formate Market
市场规模(十亿美元)
CAGR : %
Forecast Period |
2024 –2031 |
Market Size (Base Year) |
USD 495.73 Million |
Market Size (Forecast Year) |
USD 820.42 Million |
CAGR |
|
Major Markets Players |
全球甲酸钠市场,按产品类型(钠有机盐、铵有机盐、锌有机盐、镁有机盐)、应用(航空、食品和饮料、纺织、印刷、石油和天然气、化工、电子、农业、工业、其他应用)、最终用途(催化剂、还原剂、连二亚硫酸钠的制造、甲酸和草酸的制造中间体、N,N-二甲基甲酰胺的制造、除冰剂、油田服务、修井液、其他最终用途)划分——行业趋势和预测到 2031 年。
甲酸钠市场分析和规模
在纺织工业中,甲酸钠作为还原剂和 pH 调节剂在染色和印花过程中起着至关重要的作用。它有助于将染料固定在织物纤维上,确保颜色鲜艳持久。甲酸钠有助于提高纺织品的色牢度,增强其耐用性和耐洗性。它调节染浴中 pH 值的能力可确保染料吸收和均匀着色的最佳条件。甲酸钠用于纺织助剂中,赋予织物抗皱和抗静电等特殊性能,进一步扩大了其在市场上的应用。
2023 年全球甲酸钠市场规模为 4.9573 亿美元,预计到 2031 年将达到 8.2042 亿美元,2024 年至 2031 年预测期内的复合年增长率为 6.5%。
除了对市场价值、增长率、细分、地理覆盖范围和主要参与者等市场情景的见解之外,Data Bridge Market Research 策划的市场报告还包括深入的专家分析、按地理位置表示的公司生产和产能、分销商和合作伙伴的网络布局、详细和更新的价格趋势分析以及供应链和需求的赤字分析。
报告范围和市场细分
报告指标 |
细节 |
预测期 |
2024 至 2031 年 |
基准年 |
2023 |
历史岁月 |
2022 (可定制为 2016-2021) |
定量单位 |
收入(百万美元)、销量(单位)、定价(美元) |
涵盖的领域 |
产品类型(钠有机盐、铵有机盐、锌有机盐、镁有机盐)、应用(航空、食品饮料、纺织、印刷、石油天然气、化工、电子、农业、工业、其他应用)、最终用途(催化剂、还原剂、生产连二亚硫酸钠、生产甲酸和草酸的中间体、生产 N,N-二甲基甲酰胺、除冰剂、油田服务、修井液、其他最终用途) |
覆盖国家 |
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa |
Market Players Covered |
Perstorp (Sweden), BASF SE (Germany), MKS Marmara Tüm Haklari Saklidir (Turkey), Alder SpA (Italy), Metafrax Chemicals (Austria), Asian Paints (India), Kanoria Chemicals & Industries Ltd. (India), Zibo ruibao chemical co.,Ltd. (China), SOLVAY (Belgium), Honeywell International Inc. (U.S.), TCI Chemicals (India) Pvt. Ltd. (India), Avantor, Inc. (U.S.), Vertellus (U.K.), Acros Organics (Belgium) |
Market Opportunities |
|
Market Definition
Sodium formate is a chemical compound with the formula NaCHO₂. It is commonly used in various industries, including textile, leather, and de-icing. In textiles, it acts as a reducing agent and pH regulator, while in de-icing applications, it effectively lowers the freezing point of water.
Sodium Formate Market Dynamics
Drivers
- Expansion of Sodium Formate due to High Infrastructure Development
As countries invest in infrastructure projects such as roads, bridges, and airports, the need for effective de-icing agents such as sodium formate increases, particularly in regions with cold climates. Sodium formate's ability to lower the freezing point of water makes it a preferred choice for preventing ice accumulation on roads, runways, and sidewalks, thereby ensuring safer transportation and infrastructure usage during winter months. The growing emphasis on infrastructure resilience and maintenance further fuels the demand for sodium formate, driving market growth in the de-icing sector.
- Expansion of Leather Industry due to Increased Adoption of Sodium Formate
As the demand for leather products grows, particularly in regions such as Asia-Pacific, there is an increased need for sodium formate as a key component in the leather tanning process. Sodium formate acts as a tanning agent and pH regulator, facilitating the penetration of tanning agents into the leather and ensuring uniform coloration and quality. Rapid urbanization and rising disposable incomes drive consumer demand for leather goods, further fueling the expansion of the leather industry and consequently, the demand for sodium formate. This trend underscores sodium formate's integral role in supporting the growth of the leather industry and its market dynamics.
Opportunities
- High Demand of Sodium Formate due to Growing Technological Advancements
Innovations in manufacturing processes have led to the development of more efficient and cost-effective methods for producing sodium formate, thereby improving its availability and affordability in the market. Additionally, advancements in textile dyeing and printing technologies have increased the demand for sodium formate as a key component in achieving superior color fixation and color fastness properties. Overall, technological progress continues to drive growth and innovation within the sodium formate market, propelling it towards new heights.
- Expanding Oil and Gas Exploration Sector Increases Adoption of Sodium Formate
Sodium formate ability to stabilize shale formations, control fluid density, and reduce fluid loss during drilling operations makes it indispensable for efficient and safe drilling processes. With the continuous demand for oil and gas globally, particularly in challenging environments such as deepwater and shale formations, the need for effective drilling fluids containing sodium formate is expected to rise.
Restraints/Challenges
- Growing Environmental Concerns Hampers the Growth of Sodium Formate
While sodium formate serves various industrial purposes, its disposal and potential impact on ecosystems raise environmental alarms. The chemical's runoff into water bodies could disrupt aquatic ecosystems and pose risks to aquatic life. Additionally, sodium formate's production may involve energy-intensive processes, contributing to carbon emissions. Strict regulations governing wastewater discharge and chemical usage require industries to invest in costly treatment methods, adding to operational expenses.
- Fluctuating Raw Material Prices limits the Growth of Sodium Formate
Key raw materials such as formic acid and sodium hydroxide can experience price volatility due to factors such as changes in supply-demand dynamics, geopolitical tensions, and currency fluctuations. These fluctuations can disrupt production costs and profit margins for sodium formate manufacturers, affecting their competitiveness in the market. Moreover, uncertainty surrounding raw material prices makes long-term planning and pricing strategies challenging, potentially hindering investment and expansion efforts within the industry.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In August 2020, BASF bolstered its footprint in China through the acquisition of alkoxylates production assets from Sinopec Shanghai Petrochemical Company (SPC). This strategic move involved BASF purchasing SPC's property, structures, and assets adjacent to its operations in Jinshan, China. This acquisition aimed to enhance BASF's capabilities and presence in the Chinese market, particularly in the production of alkoxylates
Sodium Formate Market Scope
The market is segmented on the basis of product type, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Sodium Organic Salt
- Ammonium Organic Salt
- Zinc Organic Salt
- Magnesium Organic Salt
Application
- Aviation
- Food and Beverage
- Textile
- Printing
- Oil and Gas
- Chemical
- Electron
- Agriculture
- Industrial
- Other Applications
End-Use
- Catalyst
- Reducing Agent
- Manufacture of Sodium Hydrosulfite
- Intermediate for the Manufacture of Formic Acid and Oxalic Acid
- Manufacture of N
- N-Dimethylformamide
- De-icing Agent
- Oilfield Services
- Work-Over Fluids
- Other End Uses
Sodium Formate Market Analysis/Insights
The market is analyzed and market size insights and trends are provided by country, product type, application and end use as referenced above.
The countries covered in the market report are U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Europe dominates in the market due to the region benefits from favorable government policies that support the production and trade of sodium formate. Additionally, established trade agreements within Europe facilitate efficient distribution and export opportunities. Europe's advanced chemical industry infrastructure enables cost-effective manufacturing processes, further enhancing its competitive edge. The continent's emphasis on sustainability and environmental regulations align well with sodium formate's applications, driving demand within the region.
North America is expected grow in the market due to the rising demand for fabric t-shirts and outdoor clothing in the region. Sodium formate is a key component in the textile industry, particularly in dyeing and printing processes. With consumers' growing preference for comfortable and durable clothing, the demand for fabric t-shirts and outdoor attire is expected to surge, consequently driving the need for sodium formate as a textile auxiliary. This trend underscores North America's significant role in shaping the global sodium formate market dynamics over the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sodium Formate Market Share Analysis
市场竞争格局按竞争对手提供详细信息。详细信息包括公司概况、公司财务状况、产生的收入、市场潜力、研发投资、新市场计划、全球影响力、生产基地和设施、生产能力、公司优势和劣势、产品发布、产品宽度和广度、应用主导地位。以上提供的数据点仅与公司对市场的关注有关。
市场上的一些主要参与者包括:
- 珀斯托(瑞典)
- 巴斯夫公司(德国)
- MKS Marmara Tüm Haklari Saklidir(土耳其)
- Alder SpA(意大利)
- Metafrax Chemicals(奥地利)
- 亚洲涂料(印度)
- Kanoria Chemicals & Industries Ltd.(印度)
- 淄博瑞宝化工有限公司(中国)
- 索尔维(比利时)
- 霍尼韦尔国际公司(美国)
- TCI Chemicals (India) Pvt. Ltd.(印度)
- Avantor, Inc.(美国)
- 维特勒斯(英国)
- Acros Organics(比利时)
SKU-
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研究方法
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
可定制
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